Friday, June 5, 2009

President's proposal to save jobs forcing American jobs overseas

Microsoft is considering moving some of its workforce out of the country if the President's plan on raising taxes on U.S. corporations becomes law.

Microsoft's CEO Steve Ballmer made the company's position on higher taxes pretty cut and dry in the piece:
“It makes U.S. jobs more expensive,” Ballmer said in an interview. “We’re better off taking lots of people and moving them out of the U.S. as opposed to keeping them inside the U.S.”
Here's another snippet from the article with Symantec's CEO seconding Microsoft's stance:
Obama has said his proposals would protect or create jobs in the United States.

Thompson of Symantec, the Cupertino, California-based maker of Norton anti-virus software and similar tools, said software companies are frustrated by being called tax cheats and compared with companies that moved their headquarters to low-tax countries such as Bermuda.


Thompson called the Obama proposals “counterintuitive” to the administration’s other stated goals of fostering an innovation-oriented economy.

“It is a little bit ironic that most of our most significant trading partners and partners globally have taken the tack that they’ll reduce corporate tax rates to stimulate economic growth and not raise corporate tax rates,” Thompson said.

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